Wiley (NYSE: WLY) director adds 267 phantom stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dobson David C reported acquisition or exercise transactions in this Form 4 filing.
JOHN WILEY & SONS, INC. director David C. Dobson received an award of 267 Phantom Stock Units on April 23, 2026. The reference price for the grant is $41.32 per unit, and each unit is designed to track one share of Class A Common stock on a 1-for-1 basis.
The 267 additional units reflect a quarterly dividend credited under the company’s Deferred Compensation Plan for Directors. After this award, Dobson holds a total of 31,389 Phantom Stock Units, which are scheduled to settle in 100% John Wiley & Sons, Inc. Class A Common stock upon his separation from the Board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dobson David C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 267 | $41.32 | $11K |
Holdings After Transaction:
Phantom Stock Units — 31,389 shares (Direct, null)
Footnotes (1)
- 1-for-1. Represents additional Phantom Stock Units as a result of a quarterly dividend and deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors (the "Plan"). Shares settle upon separation of service from the Board in 100% John Wiley & Sons, Inc. Class A Common stock.
Key Figures
Phantom units granted: 267 units
Reference price per unit: $41.32 per unit
Total Phantom Stock Units after grant: 31,389 units
3 metrics
Phantom units granted
267 units
Grant/award on April 23, 2026
Reference price per unit
$41.32 per unit
Associated with Phantom Stock Units grant
Total Phantom Stock Units after grant
31,389 units
Holdings following the reported transaction
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Directors, Class A Common, quarterly dividend
4 terms
Phantom Stock Units financial
"Represents additional Phantom Stock Units as a result of a quarterly dividend"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan for Directors financial
"deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors"
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
Class A Common financial
"Shares settle upon separation of service from the Board in 100% John Wiley & Sons, Inc. Class A Common stock"
quarterly dividend financial
"Represents additional Phantom Stock Units as a result of a quarterly dividend"
A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.
FAQ
What did David C. Dobson report in this Form 4 for WLY?
David C. Dobson reported receiving 267 Phantom Stock Units tied to John Wiley & Sons, Inc. Class A Common stock. The grant reflects a quarterly dividend credited under the director Deferred Compensation Plan and increases his total Phantom Stock Units holding to 31,389.
How many Phantom Stock Units does the WLY director now hold?
After this transaction, director David C. Dobson holds 31,389 Phantom Stock Units. The award added 267 units, credited as a quarterly dividend under the Deferred Compensation Plan for Directors, and each unit mirrors one share of John Wiley & Sons Class A Common stock.
Was this WLY insider transaction an open-market stock purchase or sale?
No, this insider transaction was not an open-market trade. It was a compensatory grant of 267 Phantom Stock Units credited as a quarterly dividend under the director Deferred Compensation Plan, rather than a market purchase or sale of John Wiley & Sons common shares.
What is the settlement feature of these WLY Phantom Stock Units?
The Phantom Stock Units will settle in John Wiley & Sons, Inc. Class A Common stock. Settlement occurs when David C. Dobson separates from service on the Board, at which time the units convert on a 1-for-1 basis into actual shares of Class A Common stock.
What price is associated with the WLY Phantom Stock Units grant?
The 267 Phantom Stock Units are associated with a reference price of $41.32 per unit. This price is used for reporting purposes, while the units themselves are deferred compensation instruments that track the value of John Wiley & Sons Class A Common stock over time.